All eyes are on the results of U.S. initial jobless claims

All eyes are on the results of U.S. initial jobless claims

10.02.2022

Yesterday, the U.S. dollar strengthened against the pound, causing the GBP/USD pair to fall from 1.358 to 1.352. However, the decline has halted as the pair found support at the 200-period simple moving average (SMA) on the hourly chart. Since it has held above the recent low on the 4-hour chart and the support level at 1.351 without touching them, we will be watching closely to see if a rebound occurs and the pair moves higher.

Among European currencies, the EUR/GBP pair showed some movement, rising from 0.841 to 0.845. Technically speaking, the EUR/GBP remains in a downtrend on the daily chart and is currently trading within a descending parallel channel. We will be watching closely to see if the pair breaks above the upper boundary of the channel at the 0.850 level.

Today’s schedule includes Turkey’s unemployment rate at 16:00 CET, South Africa’s manufacturing production at 20:00 CET, and—once U.S. trading hours begin—U.S. initial jobless claims and the U.S. Consumer Price Index (CPI) at 22:30 CET, U.S. weekly natural gas inventories at 24:30 CET, remarks by Bank of England Governor Bailey at 26:00 CET, and the U.S. 30-year Treasury auction at 27:00 CET.at 04:00, the U.S. trade balance, and at 07:30 the following day, remarks by RBA Governor Lowe are scheduled for release. We will monitor currency strength while remaining vigilant for price fluctuations resulting from today’s U.S. Consumer Price Index (CPI) and initial jobless claims data.

Past Market Reports

1. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

3. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

4. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

5. 15.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

6. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

7. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

8. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

9. 09.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

10. 08.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran